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Calgary sees jump in income required to qualify for mortgage

Dec 16, 2023  
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Buyers in Edmonton required an income of $87,220 in October to qualify for a mortgage based on the average home price of $370,400. Calgary saw the second highest rise in income needed to qualify for a mortgage, with an increase of $300 from September. Halifax had the highest increase, requiring an additional $1,000 in income. Other cities saw decreases in required income due to declining home prices.

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